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January 20, 2023, 12:55 PM
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memeorandum
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| Bloomberg: |
Memo: Alphabet plans to cut around 12,000 jobs, more than 6% of its global workforce; Sundar Pichai says he takes “full responsibility” for the need to cut jobs — Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce …
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| Kevin Simauchi / Bloomberg: |
Crypto lender Genesis Global files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities as between $1B and $10B — Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.
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| Ryan Weeks / The Block: |
Bankruptcy filing: Genesis Global owes more than $3.6B to its top 50 creditors, including $766M to Winklevoss' Gemini Trust Company — - Genesis Global filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. — In the filing, the company published a list of its top 50 unsecured claims.
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CoinDesk, The Information, Decrypt, Fortune, Cointelegraph, Coinpedia Fintech News, The Weekly Update, Watcher Guru, and Cryptopolitan
Tweets: @shaig, @poordart, and @sujaljethwani
| Nico Grant / New York Times: |
Sources: Google executives met with Larry Page and Sergey Brin in December to discuss AI products; Google plans to demo web search with chatbot features in 2023 — A rival chatbot has shaken Google out of its routine, with the founders who left three years ago re-engaging and more than 20 A.I. projects in the works.
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Android Authority, Search Engine Land, Engadget, CNET, 9to5Google, The Verge, Bluejobpool's Substack, Appuals.com, Gizmodo, Tech.eu, Beyond Search, and CoinGape
Tweets: @schuldensuehner, @sociogeeks_, @kantrowitz, and @cademetz
| Karissa Bell / Engadget: |
Twitter quietly updates its developer agreement with a clause banning third-party clients, after claiming the company was “enforcing long-standing API rules” — In case there was any doubt about Twitter's intentions in cutting off the developers of third-party apps …
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Twitter, Inc., The Breakroom, The Verge, 9to5Google, Ars Technica, PCWorld, Thurrott, PhoneArena, Pocketables, iMore, MacRumors, TechCrunch, MobileSyrup, Android Authority, Forbes, Phandroid, SamMobile, BetaNews, Silicon Republic, and Pocket-lint
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| Catherine Larkin / Bloomberg: |
SEC filing: T-Mobile says a hacker stole the data of ~37M customers, including names, addresses, and phone numbers, but not passwords, SSNs, or credit cards — T-Mobile US Inc. said a hacker obtained data for 37 million customer accounts, though it didn't include payment card information or personal identifying numbers.
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T-Mobile, Reuters, TechCrunch, Wall Street Journal, SEC.gov, CNET, New York Times, USA Today, Gizmodo, The Verge, Krebs on Security, Washington Post, Android Police, The Record, The Hill, HackRead, Droid Life, TechRadar, TechSpot, Associated Press, Graham Cluley, BleepingComputer, TechCircle, Appuals.com, Laptop Mag, Coinspeaker, PCMag, and Engadget
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| Bloomberg: |
Sources: Nintendo plans to increase production of its six-year-old Switch console in the coming fiscal year, starting in April 2023, as demand remains strong — Nintendo Co. plans to increase production of its six-year-old Switch console in the coming fiscal year after shipping roughly 21 …
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Tom's Hardware, Pocket-lint, Gameranx, The Shortcut, Video Games Chronicle, Destructoid, GamesIndustry.biz, Wccftech, iPhone in Canada Blog, GameSpot, and GamingBolt
Tweets: @6d6f636869, @genepark, @jackal27, @godfree, and @blun_z
| Anna Nicolaou / Financial Times: |
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos — Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022 — Reed Hastings is stepping …
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Tweets: @reedhastings, @mbrandolph, @pkafka, @lexnfx, @deadline, and @alexweprin
| The Verge: |
Source: CNET owner Red Ventures has used AI tools like Wordsmith to write stories for at least a year and a half, causing unease amid layoffs and restructuring — Fake bylines. Content farming. Affiliate fees. What happens when private equity takes over a storied news site and milks it for clicks?
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TheStreet, Gizmodo, and The Overspill
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| Iris Deng / South China Morning Post: |
Canalys: Xiaomi shipments in India fell 40% YoY in Q4 2022 amid government scrutiny, falling behind Samsung and Vivo after holding the top spot for 20 quarters — Chinese smartphone giant Xiaomi was dethroned in India for the first time in five years by Samsung Electronics and Vivo … | The Block: |
Crypto lender Nexo agrees to pay $45M in penalties to settle SEC and US state charges for failing to register the offer and sale of its Earn Interest Product — - The SEC charged Nexo for failing to register the offer and sale of its crypto asset lending product, called the Earn Interest Product.
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U.S. Securities …, Law Street Media, Nexo.io Blog, CoinJournal, CoinGape, Cointelegraph, Coinspeaker, Bloomberg, CryptoPotato, crypto.news, CoinGeek, and Blockworks
Tweets: @secgov, @nexo, @nexo, @bitboy_crypto, @eduardbrichuk, @jcoviedo6, @chainlinkgod, @theiasupernova, @nicolasdorier, @johnedeaton1, and @antoninexo
| Dean Takahashi / VentureBeat: |
A survey of 2,300+ game developers: 45% say the metaverse won't deliver on its promise, 53% back unionization, 91% say player harassment is an issue, and more — Game developers are more skeptical of metaverse and blockchain projects, according to a new survey by the Game Developers Conference.
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Axios, Game Developer, Metaverse Post, Washington Post, Business Wire, Rock, Paper, Shotgun, TechCircle, and TrueAchievements
Tweets: @danieljkelley, @goldenboyftw, @official_gdc, @stephentotilo, and @vgc_news
| Jagmeet Singh / TechCrunch: |
India releases rules on social media influencers and virtual avatars promoting products without disclosing payment, adding an up to ~$12.3K fine for violations — As the market of social media influencers is getting bigger in India, the South Asian nation has introduced endorsement guidelines …
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YouTube, The Economic Times, The Guardian, TechCircle, Hindustan Times, Moneycontrol, India Today, MediaNama, and Inc42 Media
Tweets: @medianama, @3011_ajit, @pib_india, and @sentientsixp
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